iShares Global 100 ETF (NYSEARCA:IOO) Sees Strong Trading Volume – Should You Buy?

Shares of iShares Global 100 ETF (NYSEARCA:IOO) saw an uptick in trading volume on Friday . 1,278,814 shares changed hands during trading, an increase of 350% from the previous session’s volume of 284,052 shares.The stock last traded at $101.89 and had previously closed at $100.60.

iShares Global 100 ETF Stock Up 1.2 %

The firm’s 50 day moving average is $101.11 and its two-hundred day moving average is $98.76. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 22.80 and a beta of 1.00.

Institutional Trading of iShares Global 100 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. lifted its position in iShares Global 100 ETF by 352.4% in the 3rd quarter. NBC Securities Inc. now owns 285 shares of the company’s stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. Stifel Financial Corp increased its stake in shares of iShares Global 100 ETF by 5.1% in the third quarter. Stifel Financial Corp now owns 11,628 shares of the company’s stock valued at $1,153,000 after purchasing an additional 566 shares during the period. Certified Advisory Corp raised its holdings in shares of iShares Global 100 ETF by 11.1% during the second quarter. Certified Advisory Corp now owns 81,620 shares of the company’s stock valued at $7,883,000 after buying an additional 8,141 shares during the last quarter. Amplius Wealth Advisors LLC boosted its position in shares of iShares Global 100 ETF by 1.3% during the third quarter. Amplius Wealth Advisors LLC now owns 916,550 shares of the company’s stock worth $90,879,000 after buying an additional 11,760 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in iShares Global 100 ETF in the 2nd quarter worth approximately $405,000.

iShares Global 100 ETF Company Profile

iShares Global 100 ETF (the Fund), formerly iShares S&P Global 100 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 100 Index (the Index). The Index is designed to measure the performance of 100 large-capitalization global companies.